The practice of manipulating a financial model to maintain a 2.0x return despite discovering negative information during diligence. This is often achieved by increasing exit multiples, reducing Capex, manipulating working capital assumptions, increasing revenue growth rates and increasing gross margin assumptions among other tactics. This is also sometimes referred to as goal seek modeling where every factor other than purchase price is adjusted to arrive at the desired outcome.
Associate 1: I have some bad news, the Target's recent results are well below the banker model and suggest that the declining revenue and margins are continuing vs turning around.
Associate 2: No problem, I'll just apply a little Model Magic and the return will still be 2.0x
Associate 2: No problem, I'll just apply a little Model Magic and the return will still be 2.0x
by Finance101 August 11, 2024
Stanley : Yo dude, i heard Max had a Red Magic at a party the other night.
Tony : Whoa, that lucky badger!
Tony : Whoa, that lucky badger!
by SkMSkyeSSkye July 12, 2017
Is hair of people of a black person. This hair is the only hair in the animal kingdom to defy gravity. It is fluffy and acts like a cushion against blows to the head.
by Bad demon baby December 21, 2020
Beautiful natural hair that is of african and african american descent. This type of hair has its own drip and is very desirable to many. You know your hair is magic when you comb your hair and the comb breaks
by Bad demon baby December 21, 2020
when a man shoves his pinky into his penis hole and twists it aggressively whilst singing hello by adele
by bensboyfriend May 05, 2023
Spread like a mothereffer
by Schmkstein February 21, 2021
That stupid bitch that decides to torment you when doing a Halloween minigame to get Chipper and Scott Cawthon in FNAF World. She keeps insulting you whenever you die and is a sarcastic shithead. And you thought that was it for her. If you want to 100% the game, you have to fight her in a boss fight. She gets pissed off and starts having a mental breakdown when you kill her.
by Gibberishidkrisjjj January 06, 2025